Introduction to Industrial Loans in Panipat with Loanpao
Panipat, a thriving industrial city in Haryana with a population of approximately 1.2 million and an area of 1,754 km², is renowned as the “Textile City” and a hub for manufacturing and trade. Loanpao’s industrial loans in Panipat empower businesses to fuel growth, acquire machinery, or expand operations. With tailored financial solutions, competitive interest rates, and expert support, Loanpao is your partner for industrial financing in Panipat in 2025.
Why Choose Loanpao for Industrial Loans in Panipat?
Loanpao offers customized industrial loan solutions for Panipat’s dynamic industrial landscape. Here’s why you should choose us:
- Competitive Interest Rates: Starting at 6.00% p.a., ensuring cost-effective financing.
- Quick Disbursal: Funds available within 5–10 business days post-verification.
- Flexible Repayment: Tenures up to 5 years to suit business cash flows.
- High Loan Amounts: Up to ₹10 crore to support industrial needs.
- Panipat’s Industrial Hub: Leverage the city’s textile and manufacturing growth for expansion.
Loanpao Industrial Loan Features
Loanpao’s industrial loans are designed to meet the needs of Panipat’s industries:
| Feature | Details |
|---|---|
| Interest Rate | 6.00% - 9.00% p.a. (linked to market rates) |
| Loan Amount | Up to ₹10 crore, based on business profile |
| Tenure | Up to 5 years |
| Processing Fee | Up to 1.2% of loan amount |
| Collateral | Secured or unsecured options available |
Note: Interest rates may vary based on market conditions and business creditworthiness. Contact Loanpao for the latest rates.
Eligibility Criteria for Loanpao Industrial Loans
To apply for a Loanpao industrial loan in Panipat, businesses must meet these criteria:
- Business Type: Registered industrial units or manufacturing firms.
- Business Vintage: Minimum 2 years of operations with stable revenue.
- Annual Turnover: Minimum ₹50 lakh per annum.
- Credit Score: Business credit score of 650+ or equivalent financial stability.
- Location: Industrial unit or registered office in Panipat.
Tip: Use Loanpao’s online eligibility calculator to assess your loan amount.
Documents Required
Loanpao streamlines the documentation process for industrial loans. You’ll need:
- Business Identity Proof: GST Registration, Factory License, or Company Registration Certificate.
- Address Proof: Utility Bill (recent), Lease Agreement, or Property Tax Receipt.
- Financial Documents:
- ITR and audited financials (3 years).
- Profit & Loss Statement, Balance Sheet (3 years).
- Bank statements (12 months).
- Collateral Documents (if applicable): Property Title Deed, Encumbrance Certificate, Approved Plan.
- Others: Business profile, KYC of owners, loan application form.
Types of Industrial Loans Offered by Loanpao
Loanpao provides various industrial loan options for Panipat businesses:
- Machinery Loan: For purchasing new or upgrading machinery.
- Expansion Loan: For expanding factory or production capacity.
- Working Capital Loan: For managing daily operational expenses.
- Equipment Financing: Specialized loans for industrial equipment.
- Project Loan: For new industrial projects or upgrades.
Why Panipat is Ideal for Industrial Loans
Panipat’s economic vibrancy makes it a prime location for industrial loans:
- Textile and Manufacturing Hub: Renowned for textile and industrial production.
- Connectivity: Strategic location near NH-44 and proximity to Delhi.
- Economic Growth: Thriving industrial sector with opportunities in manufacturing.
- Business Opportunities: Ideal for SMEs and large industries seeking growth.
Benefits of Loanpao’s Industrial Loans
With Loanpao, industries in Panipat enjoy:
- Quick disbursal within 5–10 business days.
- Interest rates starting at 6.00% p.a.
- Flexible tenures up to 5 years.
- Expert support for documentation and loan structuring.
- Online tools for EMI and eligibility calculations.
Fuel your industrial growth in Panipat with Loanpao’s tailored industrial loans.